TradingView
AJAYSHARMA
Nov 16, 2020 9:31 AM

Use Ichimoku to confirm counts  Long

CONTAINER CORPNSE

Description

Concor may be looking forward to a powerful wave 3 as per Elliott after the upper trend channel is broken upwards.

In such a condition if Ichimoku confirms probabilities increase . Use daily chart here . The daily chart will let you take profits when the scrip hits resistance levels at weekly and monthly charts and will also give you a chance to re enter. In the present daily chat since the price is above all lines and Chikou span is above candles the equilibrium is bullish . Since all lines are pointing upwards the direction is up . And
there is also a small Kumo twist.

But wait for upper trend channel to be broken and becoming a support.
Lets see what happens .
Regards
More